Bruce (The Big Call)[via WiserNow]Every major source…4 that have come in…They are saying they expect things to happen starting Thursday… All our currencies back up on the screens. We are in favor of redemption centers because the rates will be better for us…and we’ve got the contract rate available to us on the Iraqi dinar, and…last time we looked it was mid 90s…We’re golden. We really are. We’re all set.______________________________________________________MarkZ[via PDK]Bond folks have suddenly seen meetings speeded up…coupled with new rates showing up on currency sites [Tuesday] night…specifically on the Iraqi dinar…they fluctuated from 722 to roughly a dollar or parity of a 1 to 1. …No one knows the date and rate…so stay calm. But things are certainly interesting.______________________________________________________Frank26 (KTFA)[Iraq boots-on-the-ground report]FIREFLY: Mr Sammy told me the CBI is lifting payment restrictions.FRANK: YES!!FIREFLY: No more payment limits. This was in place to help against money laundering against Iran. It helped to keep everything safe. The transactions were being protected but now the transactions will be easier to facilitate. This is great news for monetary reform. That means companies and investors can now invest easier with Iraq and our citizens can send and receive money easier outside of Iraq. This give us green light for international transactions. Mr Sammy says movements like this would be right before a change in our rate…FRANK: There’s no limit now. That means there’s no limit for the float.FIREFLY: World Bank on TV news funds with us $930 million to update our railroad system. This is amazing…Sudani is doing interviews saying the private sector is the key to meeting local market needs…FIREFLY: Saleh is on TV and he says, ‘We are stable and strong and we have price discipline and we have three reasons for it.‘FRANK: 1310 is not price discipline because it fluctuates and it’s bouncing all over the place…The new exchange rate is the #1 reason. That’s what he’s talking about…A new exchange rate requires this conversion. ______________________________________________________Clare (KTFA)Article:‘Pezeshkian: We are ready to cooperate to promote peace in the region”Quote:‘Iranian President Masoud Pezeshkian affirmed on Wednesday his country’s readiness to cooperate to promote peace in the region…We support a nuclear-free zone and a zone free of weapons of mass destruction…‘Article:‘The IMF mission commends the Central Bank of Iraq.”Quote:‘…The CBI has made progress in absorbing excess liquidity by increasing the issuance of short-term debt instruments …adjusting subscription limits for banks in CBI auctions, and improving liquidity forecasting tools and practices…This development has contributed to enhancing banks’ compliance with international transparency requirements, such as OFAC regulations and others, and improving their relationships with global correspondent banks. This step has resulted in narrowing the gap between the official dollar price and its parallel price, indicating relative success in curbing i*****l speculation and reducing currency leakage…”Mountain Goat…the list of organizations that have been working with Iraq in all aspects of the reforms…are professional organizations…The same ones that helped Russia through the process of their reforms after the Soviet Union fell part. They are telling us that Iraq is ready for their next step, a global rollout…______________________________________________________Samson (KTFA)Article:‘The World Bank approves $930 million in financing for Iraq”______________________________________________________MilitiaManArticle:‘World Bank approves $930 million in financing for Iraq”Why in the world would they be loaning just under a billion dollars…if there was no security…stability…no effort of sustainability. They wouldn’t. They wouldn’t do that. If this turmoil was to be a problem, then…why in the world would the World Bank just pay up just about a billion dollars for the country [of Iraq]. They probably wouldn’t.PimpyArticle:‘Kurdistan directs banks to halt financial disbursements for two months”Nothing officially has come out but this is something they would do when they go to redenominate…I don’t want you to get too far ahead and count your chickens before they hatch but it is a pretty good indicator that it’s possible these suspensions are Iraq preparing for re-denomination. Nothing out there says that officially but this is an action that’s taken right before re-denomination…There’s some big things coming economically. They have to be ready for it. Is Iraq making that push now. Are they going to…re-denominate now so they are better prepared for the big economic boom that’s going to take place once these new railways, highways, your ways, my ways take place and Iraq sees one of the biggest economic booms to ever hit the country….______________________________________________________Sandy Ingram[Our] opinion Iraq is being pushed into qualifying for Forex participation status due to the slow pace at which Iraq can access its dollars at the Federal Reserve Bank. Largely because certain banking restrictions are not in place…______________________________________________________Walkingstick (KTFA)[Iraqi banking friend Aki update]Question: ‘Do you feel Alaq will give us the new exchange rate this month or at least in this quarter.‘AKI: This is what I have heard. This is not going to be given to you as a fact. You know what I do [manage a bank]. You know where I’m at [Dearborn Michigan] …I have heard this will be all done by the end of the 2nd quarter or at the beginning of the 3rd quarter.Source : dinarchronicles
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